In the spring of 1962, Cleveland Pipers owner George Steinbrenner signed Jerry Lucas to a player-management contract worth forty thousand dollars.[1] With the Lucas signing, Steinbrenner had a secret deal with NBA commissioner Maurice Podoloff. The Pipers would merge with the Kansas City Steers and join the NBA. A schedule was printed for the 1963–64 NBA season with the Pipers playing the New York Knicks in the first game.[1] Steinbrenner and partner George McKean fell behind in payments to the NBA and the deal was cancelled.

The season began with a shock, as the Philadelphia Warriors had left for San Francisco. The Warriors, whose lineage in basketball dates back to the Philadelphia Sphas of the 1920s, had been a fixture for decades in Philadelphia, one of pro basketball's essential cities. It would be a weird year in Philadelphia, where no team would play until the Syracuse Nationals moved there the following season. (Philadelphia did have a team in the American Basketball League, and, oddly enough, the Syracuse Nationals and San Francisco Warriors played a regular season game in Philadelphia between Christmas and New Years --- a meeting between the past and the future, as it were). The Cincinnati Royals were promptly shifted to the NBA's East Division to replace the Warriors, a fact the Royals would soon come to regret.

The Eastern division Celtics won a league high 58 of 80 NBA games, leading the league in both rebounds and assists as a team, followed by the Lakers in the West with 50. Three other NBA teams won 40 games or better. The Syracuse Nationals and St. Louis Hawks both won 48 games each. The Cincinnati Royals also had 42 wins.

Los Angeles Lakers were now in their third year in California. The Lakers were led by super forward Elgin Baylor, whose high-flying drives, surprising strength and all-around game awed many again this season. Baylor's 34 points per game rated him second in the NBA only to Wilt Chamberlain. He was also fifth in rebounds and sixth in assists. No slouch on defense either, Baylor did it all for the Lakers. Third year star Jerry West battled injuries but continued to grow as a player also. He added 27 points per game and six assists for coach Fred Schaus, also his former college coach. The Lakers won 53 games and the NBA's West Division, looking forward to their matchup with Boston.

The St. Louis Hawks had five ten-point scorers to support superstar Bob Pettit. The 6'9 230-pounder rated third in NBA scoring with 28.4 points per games and was fifth in rebounds as well. His 685 free throws made led the league. The Hawks also had the NBA's top rated defense.

The Cincinnati Royals continued to recover from the tragedy of Maurice Stokes with another huge year from third-year superstar Oscar Robertson. The converted 6' 5 210-pound forward was now rated by many as the best non-center to ever play in the NBA, lighting up the Royals backcourt with 28.3 points, nine rebounds and ten assists per game. Robertson tried 1593 shots this year, the third-highest total, and made 52% of them, the fourth-best percentage for accuracy in the NBA. His 614 free throws made were the second-most also, as he averaged 81% from the foul line. A balanced starting five and some key reserves supported Robertson, as coach Charlie Wolf's team won over half their games for the second straight year. But the Royals continued to struggle with signees. Draft picks Larry Siegfried and Jerry Lucas signed with the Cleveland Pipers of Abe Saperstein's American Basketball League. Worse, Siegfried would return to the NBA as a key Boston Celtic. The loss of these two would hinder the club's playoff chances.

Wilt Chamberlain's first season in San Francisco had his usual incredible stats, but the club failed to win half their games. Wilt's 44 points per game easily ranked him ahead of Baylor in the scoring column. He was also first in the NBA in rebounds, blocked shots, shooting accuracy, number of shots tried and made from the floor, and free throws tried. As a player, he was still all by himself.

Six of the NBA's nine teams made the playoffs, three in each division. The second and third place teams met first, with each division winner meeting the winner in the second round before the NBA Finals.

Boston got a huge scare from the Cincinnati Royals, who shocked Syracuse with an overtime win in Syracuse to win Game Five and that series. Cincinnati ownership was shocked too. They had booked Cincinnati Gardens for a circus, expecting a Royals loss in that series. The Royals had to play two of their home games against Boston elsewhere while pushing Boston the full seven games. Robertson's huge play was boosted further by all-star Jack Twyman' shooting. But Boston's three 20-point scorers --- Tommy Heinsohn, Russell and Jones --- staved off the Royals charge. It was the beginning of a strong, underrated rivalry. Syracuse was hindered by the absence of Connie Dierking, who also had gone to the ABL, but refused to return to the club when that league folded.

In the West, St. Louis topped Don Ohl, Bailey Howell, Ray Scott and the Detroit Pistons three games to one to meet the Lakers in the second round. Detroit's rookie Dave DeBusschere had a strong series off the bench as well in the losing effort. The Lakers and Hawks went the full seven games as well, with Baylor and Pettit trading big offensive games and rebounds. The difference were Laker guards West and Dick Barnett, the former ABL star.

The balance and depth of Boston would be too much for Baylor and West in the Finals despite their best efforts. The series went six games, with Boston winning the final one 112-109 in Los Angeles. Boston's Bill Russell, who averaged over 20 points, 20 rebounds, five assists and several blocks per game for his 13 playoff games, was the difference again in the middle for his star-studded team.